Open Date
16 Sep 2024
Close Date
19 Sep 2024
Listing Date
24 Sep 2024
Max Investment
₹1,94,883
Price Range
₹263 - ₹263
Lot Size
57
IPO Size
₹777Cr
Exchange Symbols
Northern ARC Capital Ltd IPO
₹14,991
/ 57
Cutoff - Lot Size
IPO Dates and Timelines
IPO Size
IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
86,85,856
-
QIB Shares Offered
1,44,76,426
50.0%
NII (HNI) Shares Offered
43,42,928
15.0%
Retails Shares Offered
1,01,33,499
35.0%
Total Shares Offered
2,95,43,727
-
Total Shares with Anchor Investor
2,31,62,282
100%
IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
57
₹14,991
Retail (Max)
13
741
₹1,94,883
S-HNI (Min)
14
798
₹2,09,874
S-HNI (Max)
66
3762
₹9,89,406
B-HNI (Min)
67
3819
₹10,04,397
IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
-
-
Public Group
-
-
IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
IPO Peers
Peer Name
P/E(x)
RoNW%
Fusion Micro Finance Ltd
6.21
17.74
IPO Strengths & Risks
Strength
Risks
Large addressable and underpenetrated market with strong sectoral expertise.
Large ecosystem of partners and data and technology platform creating strong network effects.
Proprietary technology product suite transforming the debt market ecosystem.
Robust risk management based on domain expertise, proprietary risk models and data repository driving asset quality.
The company operates a diversified business model that exposes it to various risks and an inability to manage such risks may have an adverse effect on its business, results of operations, cash flows and financial condition.IPO Registrars
Limited
Northern ARC Capital Limited is a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India. Over the last 15 years, its approach has been to create a differentiated and comprehensive play on the retail credit ecosystem in India spread across sectors. Since 2009, the company has facilitated financing of over Rs. 1.73 trillion that has impacted over 101.82 million lives across India, as of March 31, 2024. The Company has one of the lowest industry-wide credit costs amongst diversified NBFCs in India, as of March 31, 2024.
Contact Details
IPO Company Name:
Limited
Phone Number:
+91-44-66687000
Email ID:
Website:
www.northernarc.com
Address:
Chennai, Tamil Nadu
IPO Overview
: IPO Dates
The IPO opens for subscription on 16 Sep 2024, and closes on 19 Sep 2024. Investors will likely receive their allotment status updates on 20 Sep 2024. Those who get allotted shares can expect them credited to their Demat accounts by 23 Sep 2024. The shares will be officially listed on the stock exchange on 24 Sep 2024.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹263.0 and ₹263.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹500.0 crore and an offer for sale valued at ₹ 277.0 crore. The exact listing price will be revealed on 24 Sep 2024, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately - crore.
How to Apply for IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for ?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 16 Sep 2024.
What is the close date of IPO?
- The closing date of IPO is 19 Sep 2024.
What is the issue size of IPO?
- The issue size of IPO is Rs Cr.
What is the lot size of IPO?
- The size per lot of IPO is 57.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 20 Sep 2024.
What is the listing date of IPO?
- IPO will get listed on .
Who is the registrar of IPO?
- The registrar of IPO is KFin Techologies Ltd .
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